Principal Financial Group Inc. Has $317.89 Million Position in RTX Corporation $RTX

Principal Financial Group Inc. grew its position in RTX Corporation (NYSE:RTX - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,733,329 shares of the company's stock after buying an additional 40,005 shares during the quarter. Principal Financial Group Inc. owned 0.13% of RTX worth $317,893,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RTX. BNP Paribas acquired a new position in shares of RTX during the 3rd quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in shares of RTX during the 3rd quarter worth $30,000. Wexford Capital LP acquired a new position in shares of RTX during the 3rd quarter worth $33,000. Dogwood Wealth Management LLC raised its holdings in shares of RTX by 57.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company's stock worth $34,000 after buying an additional 75 shares in the last quarter. Finally, Imprint Wealth LLC acquired a new position in shares of RTX during the 3rd quarter worth $35,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Shane G. Eddy sold 17,527 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $199.16, for a total value of $3,490,677.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 8,136 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $201.30, for a total value of $1,637,776.80. Following the completion of the sale, the vice president directly owned 27,102 shares of the company's stock, valued at approximately $5,455,632.60. The trade was a 23.09% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 89,255 shares of company stock valued at $18,151,956. Corporate insiders own 0.10% of the company's stock.

RTX Trading Down 0.0%

Shares of NYSE RTX opened at $172.85 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. RTX Corporation has a 52-week low of $126.03 and a 52-week high of $214.50. The firm has a 50 day moving average price of $196.01 and a two-hundred day moving average price of $188.46. The stock has a market cap of $232.77 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 2.45 and a beta of 0.31.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $22.08 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same period in the prior year, the company posted $1.47 EPS. The company's revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts forecast that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from RTX's previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 1.7%. RTX's payout ratio is currently 51.03%.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Geopolitical and policy actions (Project Freedom + $8.6B arms sale) are routing new, explicit demand to major defense contractors; MarketBeat highlights RTX as a primary beneficiary with a reported $4.01B Patriot order and a large backlog that underpins revenue visibility. The Hormuz Defense Hedge: Cashing In On Chaos
• Positive Sentiment: Recent news of U.S. Navy intercepts of Iranian cruise missiles has lifted attention on missile-defense names; commentators and screens are flagging RTX as a stock to watch given its missile-defense exposure and program wins. U.S. Navy intercepts Iranian cruise missiles — 4 defense stocks to watch today
• Positive Sentiment: High-profile bullish commentary: Jim Cramer publicly called RTX a “monster” buy and said he’d buy aggressively, which can spur retail/income investors to add shares (Cramer also pointed to the recent dividend raise). Jim Cramer Calls RTX A 'Monster' Right Here, Aurora A 'Worthy' Spec
• Neutral Sentiment: Multiple consumer-tech headlines referencing “RTX” GPUs (NVIDIA brand) — e.g., mid-range GPU comparisons — are creating ticker confusion in newsfeeds but have little direct impact on RTX Corporation’s aerospace and defense fundamentals. RTX 5070 vs RX 9070 XT mid-range GPU battle
• Neutral Sentiment: Consumer PC/GPU promotions and retailer stories (Razer adding RTX 5090 options; Amazon discounts on RTX 5070 Ti systems) are relevant to Nvidia and retail demand, not RTX Corp, and may add short‑term noise to searches and sentiment. Razer upgrades Blade 16 with 64GB RAM and RTX 5090 options
• Negative Sentiment: MarketBeat also flags structural headwinds — supply-chain fragility, titanium costs and skilled‑labor shortages — that can slow how quickly RTX converts backlog into revenue, tempering upside despite strong order flow. The Hormuz Defense Hedge: Cashing In On Chaos

Analyst Ratings Changes

RTX has been the subject of a number of research analyst reports. UBS Group lowered their price objective on shares of RTX from $209.00 to $199.00 and set a "neutral" rating for the company in a research report on Wednesday, April 22nd. Royal Bank Of Canada upped their price objective on shares of RTX from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 28th. Erste Group Bank cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. Wall Street Zen cut RTX from a "strong-buy" rating to a "buy" rating in a report on Sunday, April 26th. Finally, Wolfe Research reaffirmed an "outperform" rating on shares of RTX in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.59.

RTX Company Profile

RTX NYSE: RTX is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX's operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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